 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes. Toll free at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Good afternoon, folks. Welcome to the May 18th, the wonderful Wednesday edition of today's Trader's Edge show. I'm your host, E.B. Perseverance Rhodes, who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Hey, let's make sure we have an extraordinary one. And the easiest way to do that is to always remember that life is happening for us, not to us. That's right, when you and I make that one little two-by-four shift, well, it means we can find the gift in every set of circumstance that life is going to toss at us. Now, today, you and I, we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears, what those buyers and sellers are communicating to you and I just past one o'clock in the afternoon. I do want you to know I'm absolutely grateful for your presence here. But more important than that, and that's this. During this next 60 minutes, I'm here to serve you. So feel free to pick up that phone. We'd love to hear from you at 877-927-664. Now, if you can't call them, we've got you covered there, too. You can always send me an email. Send it early, please. Send it to Steve at TFNN.com. And of course, inside that subject heading, if you'd be kind enough to put radio show question. Now, in our Tiger's Dental, any ping will do. But quite frankly, I prefer the private kind. It's just easier for me to be able to make sure I keep track of what your request is. But Peak G, watch, take a look at SWIR as an example. We certainly do that here in a few minutes out there. So GIFs call 877-927-664. Otherwise, let's go and get this show started on a wonderful Wednesday. Of course, this is Tiger. Financial News Network, I'm Steve Rhodes. Welcome to LUSH Show right now. I get all the USMCs trading the downside. Of course, we want to go figure out what that meaning is. You got the Dow off 900 points, basically. The S&P off 130. NASDAQ 100, about 500. Russell's down 53. Semi's off 113. Tranny's down 942. Doesn't look very good out there. Gold is flat. Trade in 1818. Silver's off 18 cents. Trade at 2157. Still wants higher price. Lights recruit off 287. 109.53 is the print there. Natural gas is basically flat at 828 and a 30-year treasury is at one point. And six ticks. Trade out at 139.27. Lean the charge. Dollar-wise, the upsards. So not all retailers are getting hit hard. This is Burlington stores. That's the leader. Dollar-wise, up 10 bucks, nearly 6%. Bright Green Corporation is bright and green today. It's up 35%. Nearly 9 bucks there. D-Local Limited is up 5 bucks. TJX Companies, so not all retail getting hit at all. That's up 9%. Five buckeroonies. Now, to the downside, auto-zone. It's not in a good zone. It's off about 11% or 207 bucks. Amazon, $137. Nearly 6%. Google, 69. 3%. Booking, holding 3%. 66. And you've got Chipotle off 63 bucks. So there's some movers, but mostly shakers. Now, let's go back. We've covered this at the 1 p.m. updates. We want to make it kind of quickly just because we only have a few moments there. So if we go back, we just simply take a look at the volume right now. And this is something that you can do at home as well. We're just taking a look at the volume of the index ETF. So that's a spy, cues, diamonds, Russell 2000. If you take a look at the spies, the volume that it's going up against is the swing point for May 12. That swing point has volume of 125 million. We so far have done 44 million. This is gigantic, light volume. Does it matter? It may matter. It may matter. It depends upon the close. Now, if price closes below 395.80, even with light volume, it still suggests that price could move and test that swing point low, or more likely just the bottom of its profile. So its profile is at 389.60. That's your support level. A close above 395.80 today is going to be a test and rejection on light volume. That would suggest an A to B equal CD to the upside perhaps, or at least they move up to the top of that profile. That's at 416.31. The cues, also we've been lower. Their swing point had volume of 121 million. We've done 38. But if this closes below 295.75, suggests run to at least 289.48. A close back above it is going to suggest the cues are going to make run for 317. I wish I could tell you at four o'clock exactly where price is going to be. I can't, but we'll take a look at intraday charts, see if we see any bottoming signals, and so forth out there. But it's still going to be about the end of the day. Speaking of the end of the day, the Dow Diamonds are treating it to their swing point from May the 12th. That had volume of 7 million shares, 6.7 to be exact. You're at 1.7 right now. Not even close when it comes to volume. So you need a rejection, which means a close above 319.43. Now in this case, price is testing the support of its profile. That's the support of the profile on the Dow Diamonds. And that is at the 318.26 level. Nonetheless, you still need a rejection of price. That would be 319. I close above 319.43. The Russell 2000 would have to get all the way back to 174.34. Not that it can't do that, but it's not back there as we speak right now. So it's just the other three, the cues, the spies, and the diamonds that you should focus on and pay attention to. So light volume pullback out there. What I did mention, or I wrote into the Tigers down there, is look, if this is a liquidation situation that's going on, then the technical patterns, everything I talked to you about here today really won't matter. And I don't think that's where we're at right now. I think this is just a normal way that a market's going to make a bottom that's going to last for at least a couple of weeks. I'd say two to five weeks out here. But we'll take things one step at a time. This was the first step, was to understand the volume matrix. Now, we have the spot follow-up techniques that I believe is trading above its fifth, well, I know it's trading above its 50-day expense moving average. Let's go take a look at that. And that's always troublesome, because that's when, you know, surprises to the downside and can be swift swooshes. Here you can see big move. Now it's up today, the spot volatility, that is, up by 13.5%. If you get a one-day rate of change above 10% plus the light volume pullback out there, that surely should lead to some type of rally overnight early in the morning. But, you know, we'll talk about that later on in the show as well as we take a look at signals out here. So what else should we look at out here? Let's go take a What's a New York Stock Exchange? What's its advanced decline loss that we're doing? Back below zero. So closed above zero yesterday. It needs two consecutive closed above zero to suggest that buyers are the ones that are in control. So this will be an end-of-the-day reading, as we speak. So nothing there to really report on other than just what I have shared with you thus far. But we really need to know what this looks like at the end of the day. So now, let's go switch over and let's go through our multi-panel timeframe charts here and take a look at the index ETFs. I'm sorry, the index ETF. Let's go take a look at the futures contracts and we'll begin by starting out with the NQ since that's what I have on my screen. So the NQ on a daily basis is now back below that red oscillator and change line. That means we have a falling price oscillator below zero. And that would suggest we'd be surprised to see the NQ get down and test 11, 875. That is the bottom of its profile. 300-minute chart. Price ran into resistance at its TD9 count breakdown level of 12, 5, 53. There's no profile support here. So not much to assist us. The two-hour timeframe chart is in bar number 8 of a TD9 count. This two-hour timeframe is going to complete its bar at 2 p.m. So it says you could get bar number 9 at 4 p.m. coming into the close. So you get a bad close out here. You get a high spot ball utility index. What I mean by that, a one-day rate of change above plus 10%. You start looking for bottoming signals on the intraday timeframe charts out here. The 60-minute chart did form a nice little TD9 count bottom. But in order to maintain that, price has to close. Now, I don't know that it can do this. Well, it certainly can. It's only 114. But price has to close back above 12, 1, 12, 75. Man, that looks like it might be a stretch out here. So based upon the intraday signals, TD9 count that looks like on the 60-minute is going to be violated out here. Looks like we moved down to that 11 to 875 level. Steve Rhodes with TFNN. We'll be right back. We are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. This is the gold's flagship asset, is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in the T1 mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. Vista Gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, devious partner, ready-development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com, a tribe mastering probability 30 days risk-free today. TFNN, educating investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. At 1-877-927-6648 internationally. At 727-873-7618. Welcome back, guys, folks. So let's not do this year. Let's go to our first request. That was from peak G inside the Tiger's Den. And peak wanted to take a look at Sierra Wireless. We've got that up on our screen here. Excuse me. So, peak is in this. So, bravo to you. And this question is, should he add to it or where should he add to it? So, if we take a look, we'll take a look at the larger timeframe first. That's the monthly chart. So, you are trading above its TD-9 count breakdown level of 1981. Month is not over, obviously. But the resistance area is going to be the TD-9 count top. And that was from January 21 peak. And that's at 22-22. It's trading at 21-38. Difficult for me to be able to determine whether or not price is going to be able to take that out. If it does, you then have a move up to the 30-05 level. But hard for me to suggest that you buy something as it's trading into resistance or potential resistance out there. So, that's what the monthly chart tells us. Looks good, but it's got to prove itself to us. If we look at the weekly chart out here, weekly chart looks very good. Price is trading into a potential resistance point. That's at 21-85. That's a TD-9 count breakdown level out there. So, that suggests a caution out here. But it does look very good. There is an A to B equal CD pattern. I can't draw it in here on the white background charts. We can on the black background charts. But you can see the A to B point. I can do this, most certainly. And let's draw the A to B point out here. And then we'll just go ahead and move that over to the C point just to give you a kind of see where this is at in the price projection area. Oops, sorry about that. The system is slow. I don't like when the system is slow. I didn't think I had too much running on it. So here, you're already at the one-to-one level. Now, this may do more than a one-to-one. And likely will do more than a one-to-one A to B equal CD to the upside. But a bearish reversal candle would form. That would then confirm a sell to D point. And that's what you'd be looking for in order to find where is it that you would add to the position. And I would say, if you were to get it top, it would be my first target, unless there's a new profile that forms, would be its oscillator and change line. Currently in 1876. We don't have any signal to suggest that that's what's going to unfold right now. Just giving you the view of what could unfold. But based upon the pattern of being at the one-to-one level of the A to B equal CD, I say now is not the time to add to that position. CD 9 count top that is in place right now on the 195-minute chart. No other topping patterns that have confirmed. Well, 30-minute chart as I confirm roadsman to mitigator top out there. So tough right now, I think we need to take a week to tell you where to add to because we need to get a top that takes hold. Then take a look at some intraday charts and see what kind of bottoming patterns might form out there. And so I'd be guessing right now. And there's no reason for me to guess. You're in a good trade. I don't have any reasons to suggest that you exit that trade, but you should know that you are approaching some resistance levels and it could get a bit bumpy and we could put the fasten seat belt sign on. That is Sierra Wireless and thanks for the request and have a wonderful Wednesday. Now I don't have any other requests at this stage here. So let's just go back to take a look at the multi-time frame equity future contracts out here. So we take a look at the NQs. Let's go take a look at the ESMini out here. I think we're just looking for any kind of patterns. The intraday time period. So let's get this a moment here to populate, repopulate. And in the meantime, probably I should tell you a joke or two. It would be great if I was a good joke teller. I'm a good joke listener. But I don't usually retain those things for some reason. So I can't really tell you a good joke. We could talk about the hockey games last night. I did not stay up to watch that Colorado. I did stay up to watch the Colorado St. Louis game. So it was pretty late. And then when I went to overtime, I was like I don't have the time to stay up because you never know how many overtime that can go into. So this is my favorite time of the year. But now we've got the ESMini charts. Let's go back to those. So on a daily time frame, price below that red oscillator and change line, good signal, price pulling back to test support. Support will be $38.99. We can see that the swing point from May the 12th is being tested. So that high out there. We already established that volume is on the index ETFs. Really light volume on the pullback. We'll assume the same thing here in the ESMini. So test and rejection of $36.9175 right now we're $39.49. Test rejection of that level and it would be a bullish signal or could be a bullish signal. Five hour time frame chart, no topping pattern, but with price below its oscillator and change line, may be pulling back to its breakout level. So that's $39.15. No signal here on a 120 minute time frame chart. On the 60 minute time frame chart, it did form a much like the NQ or NQ. It did form a TD9 count bottom, but it looks like that may get violated. It's only 123, so hard to make that call, but with regard to where the close needs to be in order to maintain that TD9 count, it needs to be above $39.55 in a quarter. When I look at the 30 minute chart, no bottom signal there, none on the 15, none on the 10 minute chart. You do have a rogement indicator button that is attempting to form on the 5 minute chart, but you know, and so that's how you start. You watch the 5 minute chart, if that gives you a bottom signal, what goes on in the 10 minute, then you go to the 15 to 30, so on and so forth. So how do we summarize the ESMini at this stage here? It looks like price wants to get back and test that 38.99 level. That is the bottom of its daily profile. Let's go take a look at the Dow equity future contract. Again, give us a moment here to populate and what games are tonight? That's a good question. So we should go see what games are on this evening here, see if we can pull that up here rather quickly. So, oh, this is going to be a good game. Rangers in Carolina, and then you got the, so this is pretty cool. So we've got the two Florida teams that are playing each other, the Tampa Bay Lightning, the Predators from down here, and then in Canada, you've got the, I think it's Alberta. I think both of these cities, Calgary and Edmonton, I think both are in Alberta if I'm not mistaken. So you've got that, which is going to be a cool game out there. Now Edmonton, they used to go to their games. They used to own a couple of stores inside the Edmonton Mall. This is a long time ago. So this is back in the 1980s or what have you. Back then the Edmonton Oilers, and they still, I assume they still have the ice rink inside the mall out there, a full blown Olympic ice rink out there, and the Oilers used to practice there. And that was a pretty cool thing. Don't know if they do that any longer. I think they've got a new stadium since then. But anyway, but now that we've got the Dow Equity Future contract, it may be pulling back to about the 31, 463 level. That's the bottom of its profile. 3156, that's a five minute time frame breakout level. That could be another area of support. I don't see anything on the 120 minute chart, 120 minute chart, from a bottoming standpoint that is, could suggest to move to 31148. The TD9 Count pattern looks like it'll be violated on the 60 minute time frame out here. No bottom signal in the 30, nothing on the 15. Really nothing overall. So the Dow Equity Future contract looks like it still has further to go. And I'd say the ideal target would be that 31436, the bottom of its profile. Let's finish this off by take a look at the Russell 2000 and peak is pulling for the Panthers. I since I'm really a red winger if you will, but I've been Florida now for 40 years and so I went from a red winger to a lightning to a bolter and now that I'm down in South Florida so I'll go with either team. The good news is peak is that we're going to have one team in Florida representing us going to the next round. So I will take that. That will be good. Now we've got the Russell 2000 up on our screens right here. We'll leave that up and back for this break. We will go ahead and review those of course I would love to hear from you at 877-927-6648 or send me an email and send it to Steve at tfn.com If you want to take advantage of this sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report sign up now by visiting tfn.com. Don't miss out on the next great gold trade. Sign up today. Tfn.com is hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tigers Den. Available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tigers Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tigers Den at Discord is accessible on mobile or tablets as well so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. TfNN is excited about our new software charting program, the Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. Louis Lu is a Ranger fan and I've got to tell you folks, if ever you, even if you're not a hockey fan, there is no better place to see a hockey game than a Madison Square Garden. The New York fans are just simply wonderful when it comes to ice hockey out there. And there's a lot of other, I've been fortunate enough to be at a lot of other ice hockey stadiums, Philly, the Boston. That's another great place to see a game. But there's nothing like watching a Rangers game. I wish that even the Florida fans are good but on a decibel level of Florida fans versus the Ranger fans, we're maybe about 50% of what it is that they are able to put out there in energy. Back to the Russell 2000. We can see on a daily time frame that price is pulling back to its red oscillator and chains on. So this is the strongest of the four equity future contracts. Support level here, potential support level on the 5-hour time frame chart is at 1770. The 120-minute chart, bar number 8, sit in support. That's at the breakout level support of 1781. TD9 count on the 60-minute, sitting at support. So it's interesting. So maybe the Russell 2000 is the one to watch for any kind of turn in the market. It's got all the types of potential bottoming signals that you could want from the 5-hour, 2-hour, and the 1-hour time frame chart. Not so much when we take a look at the 30-minute chart. And nothing on the, well the 10-minute chart's got a rose meant to mitigate her bottom as as the 5-minute. So I'd say watch the Russell 2000 for signals out here. Price is back in support. If you're a day trader and you're looking for some type of move out here, at this stage here I'd focus on the Russell versus the ES or the Q out there. But that's just Stevie. So that's what's going on as we take a look at the four equity futures contracts. Let's go. We got a couple questions that have come in. So let's not get behind on those. And the first one coming in from Mike and Mike in Portugal and Mike says, I see 120-minute TD 8-count for the ES and NQ also the .690 tracement from Bernadette highs to lows. So let's go look at that retracement levels and we'll change screens to do that. We'll use the Stevie retracement tool and that is much more accurate and easier for me to deal with on the black background screen. So let's get to the intraday charts here and on the ES meaning we can see exactly what Mike in Portugal is talking about. So we go from the low out here that took place at about 2 o'clock in the afternoon on May the 12th. This is a 120-minute time frame chart and we go up to the high that took place yesterday at 6 p.m. We can see that the .620 retracement level and these here I use .382, 618, 786 and that's it. And those are your Fibonacci sequence numbers out here and they're typically like floors like an elevator or like an escalator. So what Mike knows what you know what I know is that this 3946 level fails to hold price then that's a suggestion that price will get back to the .786 level go down to the next floor and that's at about 3906. Now Mike had mentioned on the ES I don't have that up that easily give me a second here but this is the ES meaning 120-minute chart let's do the same thing let's go over to the NQ and we'll put those retracement levels up for you and again we're going to go from the low to the high and I'm sure that Mike is dead on balls accurate out here let's see where was that low was that 11693 11689 so that's the low out here we've got that let's go from that low to the high the high that took place at again about six o'clock last evening and price is just sitting just below really right on it 12.022 is the print 12.034 is a .618 level again if this does not hold price then what we're looking at is move to the .786 area now Mike you and I have differing numbers out here you said you see the 120-minute TD-8 count out there I'm assuming you meant that or you thought that your screen shows you in bar number eight and so let me just go ahead since we've got differing numbers I want to go ahead and show you what I've got here's a 120-minute chart for the ES mini and actually what I've got is that we are just simply in bar number four so don't know if there's a difference in the data feeds that you've got out here I'll put the NQ up as well of course it's going to populate everything but just want to make sure that we cover all of our friends and family out here let's see where we're at at least on Stevie's charts with regard to the two-hour TD-9 count pattern and this here should populate momentarily now on the NQ I do have a bar number eight for the two-hour time frame chart interesting so I've got that for you on the two-hour time frame chart but I do not have that on the ES mini so the NQ I've got it yes I agree with you but on the ES mini my chart shows something different so I do hope that that helps you out and hopefully you were able to grab that off of the either Tiger TV or inside the den let's go to our next email out here this one coming in from Alan Alan I and Alan says hey Steve where do you see Shaniar Energy going and let's go take a look at it make sure we're on the right screen out here so let's go to Shaniar and by the way the ticker symbol as you'll see we pulled up is LNG so we're trying to figure out where is it that LNG is headed to right now Shaniar Energy is trading out at a $133.15 it has a valid TD-9 count top and wave number seven top for its monthly time frame what that would suggest Alan longer term bigger picture is that price will target its oscillator and change line that is currently printing at $1,850 that's saying $1,850 is the exact number of where price will get to that's just simply the number to take a look at as a guideline out there on a weekly time frame we just have a sideways consolidation so I don't have a topping pattern I've got nothing not a zip zilch so it's a monthly chart here that's driving things on the daily time frame we have a confirmed roadsman to indicator top and if we get it closed below $135.07 that is the bottom of its daily profile and tomorrow what is going to suggest pulling back to its recent lows but it could also be suggesting to move to $114.21 you can't go there until we see how price test March 15th low how it test the April 25th low how it deals with the May 12th low out there but at this stage you've got topping patterns to suggest that price move back there well I can tell you right now I'm just doing this off screen off the screen that you're looking at is prices trading in that May 12th low or that May 12th swing point I should say 1.8 million shares and you're back there with 700,000 shares so very much like the market in shiner energy is pulling back with light volume now what you need out here is a test and rejection that means a close today back above $133.07 you're at $132.97 that would be a test and reject that swing point and then even though you're closing below the bottom of its daily profile would say well you don't have enough sellers to bust it down maybe it's going to try to bust it up again and take us to the $138.09 level as we look at the intraday time frame charts out here I don't see a whole lot to assist us so back to your question was where do you see shiner energy headed to and that weekly chart I think really tells the picture which is just that it's in a sideways consolidation that sideways consolidation seems to have been established by that TD9 count in a wave number 7 top here I'll just simply expand out that monthly chart so that way you can see those patterns out here there you go so you can see letter number G on your screen out there so hope that helps you out Alan thanks for taking the time to write in and best of luck to you with regard to LNG so no other questions so far I don't believe there's anything inside oh I take this back hold on whoa okay Alton I apologize if I mispronounce your name and Alton is a bolts fan he says there's going to be a three-peat out there which would be very very cool and like you've got to admit I mean Kutcherov is so I think one of the best players that I've ever seen skill wise, puck wise, skate wise assist wise scoring wise was Pavel Dotson and I would have to put Kutcherov really up in that category did you see him play last night did you see that deep that he had he is an amazing player he wrote this game for him are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment 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investors such as traders and active investors Distributor 4-Side Fund Services LLC Don't forget, you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN.com Then hit Watch Tiger TV That's TFNN.com Then hit Watch Tiger TV Welcome back folks, so we've got a request to go take a look at Mosaic ticker symbol there is MOS As we take a look at the monthly timeframe chart things still look pretty good although it did confirm, I take that back it did confirm a sell the D point pattern it did that with the A to B that was confirmed with a bearish shooting star candle now because you have that valid top on a monthly timeframe this would suggest that price and its oscillator and change line should test each other Now, the OUL right now is at 4865, don't know that that's where price is going to head to, it could be a combination of the line moving up, price moving back or sideways out there, but you should see price not line test each other the weekly timeframe chart has a TD9 count top which has taken price back to support now support here is between the range of 5212 and 5815 we say that because of bullish structured profile, we know where the buyers are they're at 5212, we know where buyers and sellers are, they are at 5815 and we know where sellers are they're at 7324, so we have more buyers lined up in the 5212 5815 level out there that's why we refer to it as a bullish structured profile, but price did pull back and test at least a level of support now price below that green oscillator and change line that's acted as resistance, so it is not out of the woods to the upside daily timeframe confirmed with a roadmap and a TD9 count top there's an A to B equal CD to the downside that would take us to, it looks like about 50 bucks or so, here's the A to B level, let's go add this to our C point out here let's see where that gets us to and yet so it gets us to about 50 bucks give or take out there, so that hasn't completed and price right now is just consolidating with inside it's daily profile so in mosaic you're watching to the upside 6606 you close above that and then maybe it says well that A to B CD pattern may not complete at all you close below support which is 5668, then that's going to suggest that you head back to 50 right now you just have your good old fashion what we'll call a consolidation with inside support and resistance and that is set up by the daily profile 195 minute chart, TD9 count top prices pull back to the oscillator and change if that gives it up, then price is going to move back to 5831, perhaps even 5630 the other intraday charts out here not much to write home about 5820 is a price target on the 30 minute timeframe chart so it does at this stage look like mosaic wants to head lower, you got the top on the monthly you've got the top on the weekly you've got the top on the daily and we don't have any kind of a bottom pattern yet that is formed out there but right now we have to go with the consolidation sideways so hope that helps out with regard to mosaic, there's a request inside the tiger's den to take a look at Amazon that is for a G motion out here and so we'll go ahead and let this populate and the question is no the question is just really to take a look at Amazon, so let's set this up populate out here, the monthly chart which has arrangement of indicator top suggests that price could be targeting its breakout level 162603 the weekly chart has a confirmed currently by pattern, it did that last week so let's wait till this wait till I can pull this chart back but I can see that pattern in there, we'll just simply expand it there we go and now let's there we go, so you can see this did more than a 1 to 1a to be equal cd it completed the pattern because it was a bullish hammer candle, no, the ideal place to buy a hammer candle, well really the ideal place would be right at the bottom, but sometimes it's at about the center of the wick which it looks like that's where Amazon is targeting out there but you do have a confirmed bottom on the weekly timeframe on the daily timeframe you have a TD9 count bottom so let me go take a look at, I can see take a look at AMZN charts, let me make sure that that's not where I'm at and I just want to take a look at the volume aspect of it, so on the 12th, May the 12th this did volume, you can't see it on my screen that you're looking at, 6.6 million shares you're pulling back with 3.2 today a rejection though of price requires a close of about 2215 61, doesn't look like we'll get that, so perhaps what price is doing on the daily timeframe is going to go target the support level and that's the bottom of that profile at 2095 intraday wise what does DB have for you the 30 minute chart is getting ready to form a TD9 count bottom, it will complete the 9 count at 2, of course the pattern will actually be completed at 230 because it can be a lower low on the bar following bar number 9 out there overall with regard to AMZN you got a nice currently by pattern on the weekly basis, until that gets violated that's the pattern that's in play, what price may be doing is just simply pat is pulling back on light volume, but it may want to test that support level and that'd be at 2095 30, so G-motion, thanks so much for writing in, I hope that that helps you out the next request is to take a look at PLTR let me make sure that's a, I think that's Palantir, but let me have PLTR so let me get that fired up on the screen here, and that is for Sandy so PLTR and let's go take a look at the Palantir what is your near term price target I suppose so what Palantir is doing as soon as these charts here populate what you will see, what Palantir is doing is consolidating Sandy with inside it's daily profile, so you have support at 690 and it's a full structured profile and you have resistance it's strong resistance at 827 it did close above it yesterday Stevie requires to close above it in order to give you a breakout message so knowing that it has not been able to bust it to the upside, perhaps what Palantir is going to do is try to bust it to the downside, as soon as this populates you'll be able to see those charts, but the bust it to the downside would be trading back into support, and so I'm going to switch screens here, oh maybe I won't maybe I won't, there we go, okay, so now you can see this is on the daily time frame here you've got, you can see the profile and it's bullish in structure, and with price trading below the red oscillator and change, and you can see how price has been unable to take out the top of that profile Sandy, so this could be a pull back to the 690 to 735 area, now we like on the weekly basis, I'd say we like the fact that last week what it generated was a bullish hammer candle that would or could have confirmed a Rosamund indicator bottom, what do you mean would or could have Steve oh well we also have a gap to the downside so you have one bullish candle and you have one bearish candle, if I were to fill in the gap in price with a color body of the candle out here it wouldn't be a hammer candle, so in that instance I'm never really sure what to do, so when you're not sure what to do you move on and you take a look at the other charts monthly impalem tier is in bar number 8 of a TD9 count, we do know that a instrument can bottom on bar number 8, it just also has to form bar number 8 which is going to require close below bar number 5 out there, so the monthly is too soon to call the daily from a bottom standpoint what do we have out here what did we have, I'm assuming we've got an A to B equal CD to the downside yeah we probably do sure that we do, I'm pretty sure that we do but you know whether we do or we don't at this stage here because of that weekly potential bottom signal you just got a consolidation in between 690 and 827 Sandy I hope that helps you, I don't really see anything else to assist us much with regard to the intraday charts out there so we'll just simply leave it there and of course your question is you know what do I see near term, I suppose what I see near term is a further retracement out there, the only thing I change that would be a close above 827 today, so hope that helps you out thanks so much for writing in no other questions at this stage unless there's something inside the Tiger's Den that I have overlooked but and if I did please retype that in and I'll be sure to get to it, so in lieu of that we're going to go to a break here in about 4 or 5 seconds so no reason for me to pull anything up there's your question to Tiger's Den now is the time to give it, otherwise I'll figure out how to sum up our last 2 minutes to get to it, Steve Roach with TFNN we'll be right sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market 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is because when there's liquidation if in fact that is the case out here a lot of the technical terms and patterns that we take a look at just simply go out the door you know liquidation is I'm selling everything I need to to raise cash for whatever the reason might be now where might price find support out here so that's the question well we've got the bottom of these daily profiles bullish and structure in the ES mini so very important level that must hold is 38 89 is 38 99 38 99 inside the NQ which is our people we just took a look at which is a weekend to see out here is 11 875 inside the Dow the level is going to be pull this over here is 31 435 those are levels to be watching and they got 1723 to 1748 inside the Russell 2000 and the question was Steve do you see a bounce today and the answer is I'm going to go to the NQ and so I'm going to try to pull this chart up here even though we're going to be running out of time I'm going to get that up on our screen for us here momentarily and the only way that I would be able to say yes to that would be to see some kind of bottoming pattern out here and just looking right now on the intraday charts I don't think we've got anything and but just to keep watching I'll try to post something in the tiger's den if I'm in front of my computer but as we speak right now it's taking a little bit longer here for these to pop play and don't see any bottoming signal folks stay tuned your favorite polar bears up next Tom O'Brien will take us home I'll be back with you tomorrow on terrific Thursday have a wonderful Wednesday